Cohort (LON:CHRT) Shares Pass Below 200 Day Moving Average - What's Next?

Key Points

• Cohort plc's shares fell below their 200-day moving average, trading as low as GBX 1,129.67 ($15.25), while currently priced at GBX 1,244 ($16.79).
• Shore Capital maintains a "buy" rating for Cohort, with an average price target of GBX 1,630 according to analysts, despite the recent stock decline.
• Insiders have recently sold a significant number of shares, totaling over 560,000 shares, which raises concerns about insider confidence in the stock.

Shares of Cohort plc (LON:CHRT - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,346.77 ($18.18) and traded as low as GBX 1,129.67 ($15.25). Cohort shares last traded at GBX 1,244 ($16.79), with a volume of 84,606 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "buy" rating and set a GBX 1,630 price target on shares of Cohort in a research report on Wednesday, July 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of GBX 1,630.

Cohort Trading Down 0.9%

The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 37.28. The business has a 50 day moving average of GBX 1,446.41 and a 200-day moving average of GBX 1,346.77. The stock has a market cap of £559.82 million, a PE ratio of 32.57 and a beta of 0.56.

Cohort (LON:CHRT - Get Free Report) last posted its earnings results on Wednesday, July 16th. The company reported GBX 54.44 earnings per share (EPS) for the quarter. Cohort had a return on equity of 14.91% and a net margin of 7.56%. On average, analysts anticipate that Cohort plc will post 42.7951807 EPS for the current year.

Insider Activity at Cohort

In other Cohort news, insider Nicholas Martin Prest sold 350,000 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of GBX 1,743, for a total value of £6,100,500. Also, insider Simon Walther sold 54,979 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of GBX 1,743, for a total value of £958,283.97. In the last 90 days, insiders have sold 560,102 shares of company stock valued at $976,257,786. 39.22% of the stock is owned by corporate insiders.

About Cohort

Cohort plc is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets. The Group is split into two segments: Communications and Intelligence - EID designs and manufactures advanced communications systems for naval and military customers.

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